HOW MUCH EDUCATION LOAN CAN I GET

How Much Education Loan Can I Get

How Much Education Loan Can I Get

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How to Get the Most Out of Your Education Loan Eligibility 

Introduction

How Much Education Loan Can I Get? Many students are turning to education loans as the expense of higher education rises, both in India and beyond. to finance their aspirations. Most students concentrate on getting into a reputable university, but it's just as crucial to carefully consider the loan application procedure to make sure you're eligible for the most money.

Lenders have grown more cautious and competitive in 2025. A well-prepared application can significantly increase your loan eligibility, regardless of whether you're aiming for a ₹5 lakh loan for a B.Tech in India or ₹50 lakh+ for an MS in the USA.


  1. Select the Appropriate Co-Applicant



  • Your chances of receiving a larger loan can be greatly increased by a co-applicant who has a high CIBIL score (700+) and a solid income.

  • If at all possible, include both parents or a guardian who earns money.

  • The stronger the profile, the greater the loan sanctioned, as lenders consider the total family income for EMI repayment.



  1. Provide Security for Greater Limits



  • Unsecured loans from nationalized banks are frequently capped at ₹7.5 lakh.

  • Your sanction limit is raised if you are aiming for larger sums (₹15–₹50 lakh or more) and are How Much Education Loan Can I Get providing collateral in the form of a fixed deposit or a property.

  • Longer payback periods and reduced interest rates are other benefits of collateral-backed loans.



  1. Enhance the caliber of documentation



  • Provide current, unambiguous proof of income. Can I obtain bank statements, ITRs, and pay stubs for the amount of my education loan? Regarding the co-applicant.

  • Verify that the college or university's acceptance confirmation and fee schedule paperwork are available.

  • Well-organized documents are approved more quickly and generously.



  1. Preserve or raise your CIBIL score



  • A co-applicant should have a CIBIL score of 750+.

  • If your parents have a poor score, think about:  


Repayment of current EMIs

Finding and fixing mistakes in credit reports

Refusing to apply for fresh loans

  1. Apply to Accredited Programs and Establishments



  • International colleges with strong placement histories or those accredited by the UGC or AICTE are more likely to receive funding from lenders.

  • Reputable or government-approved programs are viewed as low risk, which facilitates the acquisition of larger loans.



  1. For larger and more flexible loans, choose NBFCs.



  • Particularly for studies abroad, NBFCs such as HDFC Credila, Avanse, InCred, and Auxilo frequently provide education loans of up to ₹75 lakh to ₹1 crore.



  1. Increase the Duration of Your Repayment



  • Greater sanctioned amount = shorter EMI = longer tenure.

  • The majority of lenders provide repayment terms of up to 15 years, which helps students take larger loans without imposing excessive post-graduation EMIs.


Conclusion

How Much Education Loan Can I Get? Getting accepted to a prestigious university is only one aspect of obtaining a higher education loan; another is prudent financial planning. You can increase your loan eligibility by selecting a reliable co-applicant, providing collateral, raising your credit score, and submitting all required paperwork.

 

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